Royal Ceramics Lanka Balance Sheet Health
Financial Health criteria checks 4/6
Royal Ceramics Lanka has a total shareholder equity of LKR61.6B and total debt of LKR31.3B, which brings its debt-to-equity ratio to 50.9%. Its total assets and total liabilities are LKR109.8B and LKR48.2B respectively. Royal Ceramics Lanka's EBIT is LKR10.0B making its interest coverage ratio 5.7. It has cash and short-term investments of LKR3.3B.
Key information
50.9%
Debt to equity ratio
LK₨31.35b
Debt
| Interest coverage ratio | 5.7x |
| Cash | LK₨3.29b |
| Equity | LK₨61.63b |
| Total liabilities | LK₨48.20b |
| Total assets | LK₨109.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RCL.N0000's short term assets (LKR46.7B) exceed its short term liabilities (LKR30.2B).
Long Term Liabilities: RCL.N0000's short term assets (LKR46.7B) exceed its long term liabilities (LKR18.0B).
Debt to Equity History and Analysis
Debt Level: RCL.N0000's net debt to equity ratio (45.5%) is considered high.
Reducing Debt: RCL.N0000's debt to equity ratio has reduced from 63% to 50.9% over the past 5 years.
Debt Coverage: RCL.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RCL.N0000's interest payments on its debt are well covered by EBIT (5.7x coverage).